Lucia Wealth Services LLC purchased a new position in Arcosa, Inc. (NYSE:ACA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,213 shares of the company’s stock, valued at approximately $230,000.
Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Arcosa by 5.6% in the third quarter. LPL Financial LLC now owns 8,826 shares of the company’s stock valued at $389,000 after purchasing an additional 465 shares during the period. Swiss National Bank grew its stake in shares of Arcosa by 1.4% in the third quarter. Swiss National Bank now owns 109,300 shares of the company’s stock valued at $4,819,000 after buying an additional 1,500 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Arcosa in the third quarter valued at about $1,002,000. First Trust Advisors LP grew its stake in Arcosa by 9.0% during the 3rd quarter. First Trust Advisors LP now owns 109,523 shares of the company’s stock valued at $4,829,000 after purchasing an additional 9,056 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Arcosa by 10.8% during the 3rd quarter. Alps Advisors Inc. now owns 6,065 shares of the company’s stock valued at $267,000 after purchasing an additional 591 shares in the last quarter.
ACA stock traded down $1.18 during trading hours on Tuesday, reaching $52.27. 71 shares of the stock were exchanged, compared to its average volume of 310,124. The firm’s 50-day moving average is $47.33 and its 200-day moving average is $42.90. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 4.09 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.37 and a quick ratio of 1.44. Arcosa, Inc. has a 12 month low of $28.14 and a 12 month high of $54.77.
Arcosa (NYSE:ACA) last released its earnings results on Monday, November 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. Arcosa had a return on equity of 6.77% and a net margin of 6.09%. The firm had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $501.00 million. As a group, equities research analysts forecast that Arcosa, Inc. will post 2.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. Arcosa’s dividend payout ratio is 8.51%.
A number of research firms have commented on ACA. ValuEngine raised Arcosa from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. 140166 lifted their target price on Arcosa from $47.00 to $61.00 in a research note on Monday, August 3rd. Zacks Investment Research cut Arcosa from a “buy” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, TheStreet upgraded Arcosa from a “c” rating to a “b-” rating in a research report on Monday, November 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $52.17.
Arcosa Company Profile
Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers natural and lightweight aggregates, trench shields, shoring products, and specialty milled or processed materials that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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